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If so, check out a site like Shutterstock.  You send your photographs to Shutterstock and if they're approved, each time one of Shutterstocks clients downloads one of your photographs youll get a paid a royalty.

If you're a bit techie and can come up with some unique tips for mobile apps, or improve upon an existing program which will help people make their lives better, you may land yourself a fantastic source of passive income.

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Every program on your phone is making money for someone, somewhere. For instance, Joel Comm created over $1Million from his iFart app.

While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile programs.

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How would you prefer to make money just for driving your car and not have to pick up any passengers By allowing companies to put advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your car around town.

Check out Wrapify to see how you might be able to make passive income by wrapping your car with an advertisement.

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The beauty of an online business is that the majority will allow you to operate from anywhere. Starting one from scratch can take a good deal of time and resources. Why not consider buying an already established online business Websites such as Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .

Check to see whether there is an online business for sale that is in line with your passions or hobbies. Again, in order for this idea to produce passive income, youll need to hire someone to run the business.

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Heres another turnkey passive income business thought. Many cities have established laundromats which are available for sale.

The reason you would want to buy an existing laundromat is that the startup costs are fairly high. Commercial washers and dryers are not cheap. It makes far more financial sense to purchase an already established laundromat than to start from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for kids in America. Yet batting cages are tough to come by depending on where you live.

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Something to be aware of, though, is that these can need a great deal of money up front. You will have to have a big facility, equipment, and someone to run the cage.

So be certain to do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business may be a more financially sound option.

Another way you can make passive income is by designing t-shirts and other goods even with no prior design skills. Websites like Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook covers, etc..

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Shoppers then visit the website and check out your goods. When they buy one of your designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of products.

Bond and CD laddering involves owning many different bonds and/or Certificates of Deposit. Every one matures at different times during the year. Then you take the profits from these investments as cash income during the year.

Although many CDs and bonds may not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. This can help ensure a good income supply on a regular basis.

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Thousands of people daily are looking to rent any range of things. Craigslist can be a great place to promote your items for rent. Here are some thoughts of products You Could rent out:

Just make sure that you have a proper rental agreement signed by both parties. Also, check this get paid in money beforehand, and find a current photo ID and secondary proof of speech from renters.

This can allow you to guard the home youre renting out. For extra peace of mind, consider requesting a security deposit too.

As you can see there are a ton of ways that you can make passive income. Hopefully, this record has helped you narrow down which source of income is best for you.

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If youre tired of this traditional way of making money, implement a few of the passive income strategies above so you can start working less and making more money as you sleep now.